Thanks for the update. Could you pls explain the MCX Aluminum contract in lay man terms if possible. How does it benefit Gravita, why are they waiting for it to be launched and why an OEM could be impeding the same
Basically gravita wants to scale their aluminium reycling business but there is no way to hedge it as MCX is still in process of launching it. Once they launch it, gravita would be able to hedge their aluminium reycling verticle and scale it.
https://earningsunwrapped.substack.com/p/indias-recycling-market-is-entering?utm_source=share&utm_medium=android&r=rer2b
Wrote about Gravita and Recycling industry. The infection point is coming especially with changes in regulatory framework as well.
Bhagyanagar India and sunlite recycling are two companies worth studying in copper recycling segment.
Great summary…..
Thanks for the update. Could you pls explain the MCX Aluminum contract in lay man terms if possible. How does it benefit Gravita, why are they waiting for it to be launched and why an OEM could be impeding the same
Basically gravita wants to scale their aluminium reycling business but there is no way to hedge it as MCX is still in process of launching it. Once they launch it, gravita would be able to hedge their aluminium reycling verticle and scale it.